GameStop (GME) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of GameStop (NYSE:GME) from a buy rating to a hold rating in a research report sent to investors on Friday.

GME has been the subject of several other reports. Zacks Investment Research lowered shares of GameStop from a buy rating to a hold rating in a report on Tuesday, November 7th. SunTrust Banks restated a buy rating and issued a $25.00 price objective on shares of GameStop in a report on Tuesday, October 17th. Credit Suisse Group set a $20.00 price objective on shares of GameStop and gave the stock a hold rating in a report on Saturday, November 25th. Vetr lowered shares of GameStop from a strong-buy rating to a hold rating and set a $16.58 price objective for the company. in a report on Friday, November 17th. Finally, Loop Capital set a $26.00 price objective on shares of GameStop and gave the stock a buy rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. GameStop presently has an average rating of Hold and an average target price of $22.42.

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GameStop (NYSE GME) traded down $0.43 during trading on Friday, hitting $16.23. 3,252,530 shares of the stock were exchanged, compared to its average volume of 3,710,000. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1,640.00, a price-to-earnings ratio of 4.75, a P/E/G ratio of 0.33 and a beta of 1.25. GameStop has a one year low of $15.85 and a one year high of $26.68.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. GameStop had a net margin of 3.98% and a return on equity of 16.50%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.49 earnings per share. GameStop’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts anticipate that GameStop will post 3.26 earnings per share for the current year.

In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.91, for a total transaction of $71,640.00. Following the completion of the transaction, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GME. Aperio Group LLC increased its stake in shares of GameStop by 87.0% during the fourth quarter. Aperio Group LLC now owns 963,757 shares of the company’s stock valued at $17,299,000 after purchasing an additional 448,416 shares in the last quarter. OxFORD Asset Management LLP increased its stake in shares of GameStop by 3,009.1% during the third quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock valued at $8,318,000 after purchasing an additional 390,127 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of GameStop by 72.5% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 787,554 shares of the company’s stock valued at $14,137,000 after purchasing an additional 331,130 shares in the last quarter. Towle & Co. increased its stake in shares of GameStop by 26.2% during the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after purchasing an additional 309,790 shares in the last quarter. Finally, Green Square Capital LLC bought a new position in shares of GameStop during the second quarter valued at approximately $5,945,000.

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GameStop Company Profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.